Minister Nandlall speaks about nation’s challenges if financial crime amendments are not passed
Already politicians and civil society activists said that the act is not good for Guyana in its present from, but the minister said should Guyana be placed on the blacklist it will take years of assessment to get out of it
The Government is under pressure from the Caribbean Action Task Force to come up with the necessary amendments to the anti-money laundering act of 2009 which must be in conformity with international standards. since the anti-money laundering was passed in 2009 Guyana has failed to get the desired results.
Social activists Raymond Gaskin recently made it clear that politicians cannot enforce the law as he made mention of the power given to the finance minister and the head of the central intelligence unit under the act.
Opposition leader David Granger said his party is not a rush to amend the legislation.